I would like to know whether excise duty is applicable if used oil are sold as scrap. Referring chapter 27 doesnt provides a clear view on whether to charge or not. But it is stated in the case between "Commissioner Of Central Excise vs Ashok Leyland Ltd. on 26 November, 2002" that excise duty need not be charged.

We are in the process of manufacturing automobile components.

Kindly clarify with any cases whether excise duty need to be charged or not.

Can i claim ROC fees as a expense as per IT ?

 XYZ (Public Co.) sales with two brand name –
1. XY
2. YZ.
 The management has taken two decisions that ,

1.Marketing staff of YZ brand to be transferred to ABC Pvt. Ltd (ABCPvt.Ltd.) (A Group Company) from 1st April 2014.

2.YZ brand’s sale routed through ABC Pvt Ltd & YZ brand transfer to ABCPL from 1st April 2014.

3.On the basis of above decision, all marketing staffs have been transferred from XYZ to ABCPL from 1st April 2014. On April 2014 onwards, all marketing staffs are employee of ABCPL.

4.The management was in process to set up sales transactions routed through ABCPL but they didn’t get through & cancelled the above decisions in the month of July2014 & Bonzer7 brand will continue with XYZ Co.

5.Till today, there is not a single sale transaction routed through ABCPL but ABCPL has incurred expenses of Marketing staff mainly salary of Rs.1.86 Crore from April to July -2014, who are working for XYZ Co.

6.Now the management has decided to reimburse above expenditure to ABCPL.

7.So ABCPL raised debit note to XYZ Co. with service tax of 12.36% as supply of Manpower Service because employees of YZ market staff are working for XYZ India Ltd. ( as they used to do earlier) but on payroll of ABCPL.

From the above situation we have following issues /Questions :

1.Whether Service Tax charged by ABC Pvt. Ltd. under Manpower Supply is proper? ( As per CBEC Circular No. 137/35/2011-ST dated 13.07.2011)
2.What XYZ India should accept an Invoice or a Debit Note for this payment?
3.Whether XYZ India can avail credit of service tax paid in this transaction?

Please ans me clearly and separately as per my situations.

Dear Sir
We have purchased accounts package, pls adv under what main head and sub head of account should the expense go to.

Thanks
Gurvinder Singh

Wethear loan taken from HUF is reported under 40A(2)(b).....

HUF is Specified Person????

Dear Experts,

Please guide me regarding filing of Form MGT-14. We have 7 to 8 clients private limited companies which does not maintain any statutory books as per companies Act. We just file there annual returns. They does not pass even any resolution properly. Everything is on estimated or verbal basis.
Now i m going through many mails related form MGT -14 filing in this group. Can anyone explain that what is this for? and how should we go for it? is there any standard format for filing it?
Normally there audits are done in September month only. So what can be consider for this form?
Please help???

Thanking in advance
Pooja

Respected Readers, In case of resignation of Auditors of Financial Year, 2013-14, Which Act will prevail whether Companies Act, 2013 or 1956.

Do we need to file forms to MCA in accordance to Companies Act, 2013 or in pursuance of 1956.

Thanks,

can we claim registration fees as expenses as per it act ?

Dear Sir,

how to entry in tally, purchase of new vehicle

Instead of using ITR 4S of AY 2013-14, I have efiled my IT Return using ITR 4S of AY 2014-15. I tried to revise the same but could not do so, as ack.no.is not accepted the deptt. Please advise me as what should I do to rectify my mistake ?